Our national debt is a little over $35 trillion. That’s a lot. Addressing this head-on is not for the weak, the weepy, or those lacking gonads or vertebrae, or both. And it’s going to take more than simply balancing the budget. We must start to draw down the debt immediately.
The federal government (guv) takes in revenue from a variety of sources. This we know. We also know that the guv expends funds all over the place. The deficit is the difference of expenditures over revenue. Or is it? Actually, it’s not. The national debt calculation includes appropriations included in the annual budget that have not yet been expended. It also includes expenditures planned for future fiscal years.
Here are some suggestions for trimming the national debt right now while the 119th Congress and the Trump Administration hash out the final version of the FY-2025 federal budget (October 1, 2024, through September 30, 2025.) It should be ready within six weeks of the inauguration. No time to lose!
oh_yeahMee.
Jesus Christ is King
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